Adani Transmission’s proposed exclusivity agreement to acquire the power generation, transmission and distribution assets of Reliance Infrastructure would be incidental on right valuation of assets as experts believe anything above two times the regulated equity of Rs 3,500 crore would be negative for the company.
Adani Transmission, the power sector arm of Infrastructure major Adani Group, is in talks with Reliance Infrastructure for acquiring the latter’s power distribution business in Mumbai, which is estimated to be worth Rs13,000-14,000 crore.
Reliance Infrastructure has entered into a period of exclusivity with Adani Transmission for proposed sale of its integrated business of generation, transmission and distribution of power for Mumbai.
Reliance Infrastructure said it disagreed with the decision by India Ratings, a unit of Fitch, to downgrade its debt over delays in equity infusion and monetization of assets.
India’s leading renewables company Greenko is in talks with Anil Ambani-led Reliance Infrastructure to acquire its Mumbai electricity business for an enterprise value of Rs 10,000-13,000 crore ($1.75-2 billion), people aware of the discussions said.
Reliance Infrastructure (RInfra) has initiated a process to spin off a new unit, called Reliance Transport, to take care of its interests in railway, metro, airport and road projects even as the proposed listing of Infrastructure Investment Trust (InvIT) faces what the company calls “some procedural delays” after receiving the nod from the stock market regulator.
Delhi Airport Metro Express Private Limited (DAMEPL), a subsidiary of Reliance Infrastructure Limited, today announced that it has been awarded compensation of Rs 2950 Crs. by a three member Arbitral Tribunal in a unanimous decision.
The success of the initial public offer of equity in IRB Infrastructure Developers’ infrastructure investment trust (InvIT)
Reliance Infrastructure (RInfra) will reapproach the Securities and Exchange Board of India (Sebi) for its Infrastructure Investment Trust (InvIT) within a week, in order to raise Rs 3,000 crore in May
Anil Ambani-led Reliance Infrastructure today reported consolidated net profit of Rs 40.94 crore for the March quarter against a net loss of Rs 327.41 crore a year ago.